Philanthropic Support 2015-16
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TO THE HORIZON: Building a New Legacy for California’s Future PHILANTHROPIC SUPPORT 2015-2016 TABLE OF CONTENTS 3 7 11 17 23 27 29 33 39 43 47 57 OVERVIEW CHARITABLE STUDENT ACADEMIC DIRECTED PUBLIC STUDENT UNIVERSITY IN MEMORIAM TRUSTEES’ APPENDIX DEFINITION GIVING SCHOLARSHIPS ENRICHMENT RESEARCH BENEFIT ATHLETICS SUPPORT AWARDS OF TERMS Dear Friends – It is my pleasure to share with you many of our philanthropic successes this year This past January, I committed our campuses to two audacious goals – to and express my deepest appreciation for your continued support. dramatically improve our four-year, six-year and transfer student graduation rates, while ensuring that every student, regardless of background, has the same The stories in this year’s report are testaments to the dedication, commitment and opportunity to achieve and succeed. generous leadership of our incredible donors and champions – like you – who share in the success of the California State University. I call it our Moon Shot. And like the Apollo missions that transfixed our world – and changed it in the process – Graduation Initiative 2025 is the CSU’s signature effort. This year, we exceeded our own expectations – both in dollars and impact. It stands among the most audacious, intensive and forward-thinking undertakings in Comprehensive campaigns – like the Campaign for SDSU and Bold. Thinking. our six-decade-plus history. at San Francisco State – far surpassed their respective fundraising goals for the Your continued support will be vital to its success. Your generosity will shape year. Numerous scholarships, programs, and research and academic enrichment our efforts to ensure opportunity for all students, regardless of circumstance. funds were established across the CSU to enhance our educational mission, Your leadership will define the story of the California State University for decades while endowed legacy gifts and estate commitments continue to build a path for to come. excellence today and into the future. Last year, we asked our friends to join us as we advanced together. This year, we are TO THE HORIZON: I view these gifts as a larger story arc of this university. looking to the horizon. Next year – with your continued support – we will go further Building a New Legacy for California’s Future I am convinced that the CSU and its 23 campuses stand as a beacon for diversity than we ever have. – of people, pedagogy and place. Yet, we all share one singular purpose: to give students access to possibility, leading to personal transformation and lasting impact for California. For California, We educate the full breadth of those who work and live in our golden state. We teach our students to think and create beyond the lab, library, studio and lecture hall – and apply learning in the neighborhoods, forests, deserts, fields, great cities and majestic coastlines that define California. Timothy P. White Chancellor We encourage our students to be passionate, empathetic and forever curious. We ask them to be mindful of our planet, empathetic toward others, and consequential in their actions. We look to them to embody the Californian spirit. I also wish to share with you what’s next on the horizon – and where your continued support and advocacy will be critical. 2 OVERVIEW 2015-2016: Our Legacy Year A legacy of philanthropic support continues to grow throughout the California State University. We established two new centers at San Francisco State and Cal Poly Pomona This past year, the CSU has seen increases in philanthropic support with an all-time high of – funded by members of the community – dedicated to studying and supporting $489 million in charitable gift commitments, thus, furthering our systemwide efforts and diaspora communities throughout California and the country. educational mission to provide access to opportunity for all Californians. Indeed, this past year, we witnessed, celebrated, honored, established, thanked On campus and across the system, our eyes are focused on the horizon. and have been introduced to a lot. Over the past year, we witnessed firsthand the power of1,000 Hornets, CSUN Rising, and These gifts and stories – through your continued generosity and support – have SB Strong. We saw campuses ready to Transform Tomorrow by moving Forward Together. charted our course forward and further illustrate our shared intent to go to the horizon and beyond. We were introduced to Stan State – and reintroduced to its wildly successful One Purpose scholarship campaign, now in its second year. Because of your support, the CSU has worked to find solutions to our most demanding challenges, from protecting California’s citrus crops to detecting We celebrated as Cal State Monterey Bay, Cal Poly San Luis Obispo and Cal State San Bernardino gravitational waves in our universe and from working to ensure the basic needs received the largest gifts in their respective histories – gifts that will transform and shape the of all students to setting audacious goals with our own Moon Shot through futures of hundreds of thousands of students and alumni. Graduation Initiative 2025. We honored the legacy of a distinguished Cal Maritime alumnus, his wife and family – all lifetime For all this, and more, we thank you. Keelhauler supporters – through a new endowed scholarship fund. We thanked current and emeritus faculty and staff for their gifts to Cal State Fullerton, Sacramento State and San José State, which will fund endowed scholarships for students studying journalism, Asian and Asian American studies, government, history, environmental studies and Californian literature. We stand forever grateful for the numerous gifts from systemwide and campus foundation board members to fund mobile Fab Labs, establish endowed faculty chairs, expand STEM education and provide endowed scholarships for student-athletes. 3 4 By The Numbers More people – alumni, faculty, staff, trustees, champions, supporters and In 2015-2016, the CSU received more than $181.4 million in support of friends – gave to the California State University in 2015-2016 than at any other these efforts: point in our six-decade history. • $26.8 million for student scholarships • $49.2 million for academic enrichment This year, the CSU reached an all-time high of 242,000 individual donors, • $10.5 million for directed research an annual increase of nearly 11,000 over the prior year. The increase was • $2.1 million for faculty support energized by our growing network of 3.3 million alumni which collectively • $3.6 million for library resources reaffirmed its commitment to the values and vision of the university. An • $17.5 million for athletics additional 5,500 alumni made gifts to the CSU in 2015-2016 compared to the • $34.8 million for public service programs prior year. • $1.9 million for facility improvements • $35.0 million for additional university priorities The increase in individual donors powered gift commitments to the CSU and its 23 campuses, which increased by 22 percent – over $86.7 million – Unrestricted support of $10.3 million represents 3.31 percent of all gifts to a record-high of nearly $489 million. received and is available for high priority needs. Additionally, campuses received $22.3 million in property and capital improvement gifts for facilities Endowments continue to reinforce the dynamic needs of the CSU community. and equipment. The total market value of CSU endowments reached $1.4 billion systemwide. These endowments distributed $46 million in 2015-2016 to support student Philanthropic support across the CSU provided $53 million in private scholarships, research, creative activities and other programs. Donors scholarships to CSU students. Combined with state and federal student aid, contributed an additional $64 million to endowments. 80 percent of the CSU’s nearly 475,000 students receive assistance, reducing financial burdens of college for students and their families. A majority of all gifts serve the immediate needs of CSU students, faculty and staff. These gifts provide students from California’s diverse and dynamic communities access to educational opportunity and achievement, facilitate innovative teaching and advisement, and enhance the learning environment and student experience. 5 6 Three-Year History of Charitable Gift Commitments by Peer Group* $486 CHARITABLE GIVING 500 (m) Million $425 Million $401 Million 400 (m) Charitable Gifts by Source Group I 300 (m) Group II Group III Alumni ...................................20.14% 200 (m) *Does not include the Chancellor's Office. Parents ....................................1.56% Other Individuals ...................31.92% Foundations ...........................22.00% 100 (m) Corporations ..........................17.75% Other Organizations ...................6.62% 0 2013/2014 2014/2015 2015/2016 Endowment Market Value $1.41 $1.40 1.5 (b) $1.38 Billion Charitable Gifts by Purpose Billion Billion 1.2 (b) Current Programs ..................58.29% Corpus and Prior Years 900 (m) Campus Improvements ............7.15% Investment Return Endowment ...........................20.64% New Gifts to Endowment Unrestricted .............................3.31% 600 (m) Annual Investment Return Other ......................................10.60% Distribution 300 (m) 0 -150 (m) 7 2013/2014 2014/2015 2015/2016 8 “I hope it is an extension for students and an extension of their classroom experience,” Johnson said of her donation to Cal State Fullerton. “You can only get so much out of a textbook. I hope this helps a student travel to a